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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Post by CommonCents123on Jan 19, 2024 8:46am
54 Views
Post# 35835519

HMMM - NICKEL PRODUCERS ARE FEELING THE PINCH OF THE GLUT

HMMM - NICKEL PRODUCERS ARE FEELING THE PINCH OF THE GLUT https://www.reuters.com/markets/commodities/surging-exchange-stocks-pile-pressure-nickel-2024-01-17/  -  It's amazing how news release after news release from very reputable sources continue to show the reality of the ni glut on world markets.  Slow demand and bigger supply has of course depressed ni prices to $7/lb.

Constant theories of chinese conspiracy just don't hold water.  Reality does.  China is dying, literally.  More deaths last year, less births.  Population collapse is inevitable.  Thats why reshoring is the new normal.  Investors leaving China due to politics and demographics.  Supply chains can't have delays that have become common in china.
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